Required information Exercise 4-16 (Algo) Working with a Segmented Income Statement Break-Even Analysis (L04-4, L04-5) [The following information applies to the questions displayed below.) Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company's most recent year is given: Total Company $ 975,000 100.00 526,500 54.00 448,500 46.00 218,400 22.45 230, 100 23.61 156,000 16.00 $ 74,100 7.68 Sales Variable expenses Contribution margin Traceable fixed expenses office segment nargin Common fixed expenses not traceable to offices Net operating income office Chicago Minneapolis $ 195,000 1005 $ 780,000 1000 58,500 300 468,000 600 136,500 708 312,000 401 101,400 117,000 150 $ 35, 100 185 $ 195,000 250 520 Exercise 4-16 (Algo) Part 1 Required: 1-a. Compute the companywide break-even point in dollar sales. 1-b. Compute the break-even point for the Chicago office and for the Minneapolis office. 1-c. Is the companywide break-even point greater than, less than or equal to the sum of the Chicago and Minneapolis break-even points